Sprout Social (NASDAQ:SPT) Sets New 52-Week Low – Here’s What Happened

Sprout Social, Inc. (NASDAQ:SPT) hit a new 52-week low on Thursday . The company traded as low as $8.56 and last traded at $8.68, with a volume of 545858 shares changing hands. The stock had previously closed at $9.31.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SPT. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a report on Thursday, January 22nd. Barclays decreased their price target on shares of Sprout Social from $26.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Morgan Stanley reduced their price target on Sprout Social from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Finally, Canaccord Genuity Group decreased their price objective on shares of Sprout Social from $25.00 to $16.00 and set a “buy” rating for the company in a report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sprout Social presently has an average rating of “Hold” and a consensus target price of $24.64.

Sprout Social Stock Performance

The firm’s 50-day moving average price is $10.45 and its 200-day moving average price is $12.65. The stock has a market cap of $510.99 million, a P/E ratio of -10.67 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. The company had revenue of $115.59 million during the quarter, compared to analyst estimates of $114.86 million. Sprout Social had a negative net margin of 10.59% and a negative return on equity of 18.93%. Sprout Social’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. Sprout Social has set its FY 2025 guidance at 0.770-0.790 EPS and its Q4 2025 guidance at 0.150-0.170 EPS. Sell-side analysts expect that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Insider Activity at Sprout Social

In other news, Director Aaron Edward Frederick Rankin purchased 90,661 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $11.14 per share, for a total transaction of $1,009,963.54. Following the purchase, the director owned 114,969 shares in the company, valued at $1,280,754.66. This trade represents a 372.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justyn Russell Howard sold 40,000 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $10.70, for a total transaction of $428,000.00. Following the completion of the sale, the insider owned 7,417 shares in the company, valued at $79,361.90. The trade was a 84.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SPT. First Horizon Advisors Inc. boosted its position in shares of Sprout Social by 78.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock valued at $32,000 after acquiring an additional 675 shares during the last quarter. Diversified Trust Co lifted its position in shares of Sprout Social by 6.1% during the third quarter. Diversified Trust Co now owns 17,982 shares of the company’s stock worth $232,000 after purchasing an additional 1,040 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Sprout Social by 1.6% in the second quarter. Rhumbline Advisers now owns 78,240 shares of the company’s stock worth $1,636,000 after acquiring an additional 1,264 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sprout Social by 2.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company’s stock worth $1,168,000 after purchasing an additional 1,265 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Sprout Social by 55.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company’s stock worth $115,000 after buying an additional 1,962 shares during the period.

About Sprout Social

Sprout Social (NASDAQ: SPT) is a Chicago-based software company specializing in social media management solutions for businesses of all sizes. The company provides a cloud-based platform designed to help organizations improve their social media presence through a suite of tools for content scheduling, community engagement, social listening and analytics. Sprout Social’s platform is built to streamline the workflows of marketing, customer care and public relations teams by providing a centralized hub for managing multiple social channels.

The company’s product offerings include publishing and scheduling capabilities that allow users to plan and automate social content across networks such as Facebook, Instagram, Twitter, LinkedIn and Pinterest.